Question
Required information [The following information applies to the questions displayed below.] Camille Sikorski was divorced in 2018. She currently provides a home for her 15-year-old
Required information
[The following information applies to the questions displayed below.] Camille Sikorski was divorced in 2018. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camilles home for the entire year, and Camille paid for all the costs of maintaining the home. Camille received a salary of $62,500 and contributed $4,500 of it to a qualified retirement account (a for AGI deduction). She also received $7,500 of alimony from her former husband (per divorce decree issued in 2018). Finally, Camille paid $15,600 of expenditures that qualified as itemized deductions. (Use the tax rate schedules and 2020 rules.)
a. What is Camilles taxable income?
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